Bel Fuse (NASDAQ:BELFB) Shares Gap Down to $60.78

Shares of Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $60.78, but opened at $58.61. Bel Fuse shares last traded at $60.70, with a volume of 58,880 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BELFB shares. Northland Securities started coverage on shares of Bel Fuse in a research report on Thursday, January 11th. They set an "outperform" rating and a $83.00 price target on the stock. Needham & Company LLC reduced their price target on shares of Bel Fuse from $77.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, February 23rd. Finally, StockNews.com upgraded shares of Bel Fuse from a "hold" rating to a "buy" rating in a research note on Friday.

Bel Fuse Trading Down 4.7 %

The company has a quick ratio of 2.21, a current ratio of 3.45 and a debt-to-equity ratio of 0.18. The business's 50 day moving average is $58.10 and its 200-day moving average is $58.62. The firm has a market cap of $738.93 million, a P/E ratio of 9.93 and a beta of 1.45.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a net margin of 11.54% and a return on equity of 24.87%. The business had revenue of $140.01 million for the quarter, compared to the consensus estimate of $152.86 million. As a group, analysts forecast that Bel Fuse Inc. will post 4.7 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.28 annualized dividend and a yield of 0.48%. Bel Fuse's payout ratio is 4.80%.

Insider Activity

In other news, Director Vincent Vellucci sold 1,000 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total transaction of $56,700.00. Following the completion of the transaction, the director now owns 7,392 shares of the company's stock, valued at $419,126.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.37% of the company's stock.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently bought and sold shares of BELFB. Steward Partners Investment Advisory LLC lifted its holdings in Bel Fuse by 4.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,700 shares of the electronics maker's stock valued at $314,000 after acquiring an additional 200 shares during the last quarter. Covestor Ltd lifted its holdings in Bel Fuse by 26.5% in the 3rd quarter. Covestor Ltd now owns 1,012 shares of the electronics maker's stock valued at $48,000 after acquiring an additional 212 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in Bel Fuse by 0.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 37,035 shares of the electronics maker's stock valued at $1,767,000 after acquiring an additional 250 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Bel Fuse by 1.1% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 55,464 shares of the electronics maker's stock worth $3,693,000 after buying an additional 619 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in Bel Fuse by 373.5% during the 1st quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker's stock worth $57,000 after buying an additional 747 shares during the period. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.